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Germany Steel Wind Tower Market
ID: MRFR/Equip/54458-HCR
200 Pages
June 2025
Germany Steel Wind Tower Market Research Report: By Application (Onshore Wind Energy, Offshore Wind Energy, Hybrid Energy Solutions), By Tower Type (Lattice Tower, Monopole Tower, Hybrid Tower), By Height Range (Below 100 Meters, 100-150 Meters, Above 150 Meters) andBy Manufacturing Process (Hot Rolled Steel, Cold Rolled Steel, Welded Steel)- Forecast to 2035
Industry Developments
In recent months, the Germany Steel Wind Tower Market has seen several notable developments. Vestas announced in June 2023 an expansion of its manufacturing capabilities in Germany to support increasing demand for renewable energy solutions, reflecting the nation's commitment to reducing carbon emissions. GE Renewable Energy has also ramped up production, citing an uptick in wind energy projects amid Germany's Energiewende initiative. In terms of mergers and acquisitions, in May 2023, Siemens Gamesa completed its acquisition of Senvion GmbH, strengthening itsposition in the competitive market landscape and enhancing efforts in offshore wind solutions. The growth in market valuation for key players like Nordex and Enercon has propelled advancements in technology and infrastructure, with Nordex reporting a significant increase in orders in the second quarter of 2023. Furthermore, RWE's investment in offshore wind projects has contributed to the market's expansion, evidencing Germany's strategic push towards a sustainable energy future. The period from 2021 to 2023 has showcased consistent investments and collaborations in the sector, fueled by government incentives and increasing public support for renewable energy initiatives in Germany.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 416.8(USD Million) |
| MARKET SIZE 2024 | 430.0(USD Million) |
| MARKET SIZE 2035 | 760.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.314% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Vestas, GE Renewable Energy, Enercon, TPI Composites, ABB, ZTT, Osaka Gas, E.ON, Nordex, RWE, Senvion, MHI Vestas, Nordex Acciona, Siemens Gamesa, Senvion GmbH |
| SEGMENTS COVERED | Application, Tower Type, Height Range, Manufacturing Process |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy investments, Adoption of offshore wind projects, Technological advancements in turbine design, Growing demand for sustainable solutions, Government incentives for clean energy |
| KEY MARKET DYNAMICS | Growing renewable energy demand, Government incentives and regulations, Technological advancements in construction, Increasing offshore wind projects, Competitive pricing pressures |
| COUNTRIES COVERED | Germany |
FAQs
What is the expected market size of the Germany Steel Wind Tower Market in 2024?
The Germany Steel Wind Tower Market is expected to be valued at 430.0 million USD in 2024.
What is the projected market size for the Germany Steel Wind Tower Market by 2035?
By 2035, the German Steel Wind Tower Market is anticipated to reach a value of 760.0 million USD.
What is the expected compound annual growth rate (CAGR) for the Germany Steel Wind Tower Market from 2025 to 2035?
The expected CAGR for the Germany Steel Wind Tower Market from 2025 to 2035 is 5.314%.
Which application segment of the Germany Steel Wind Tower Market is expected to dominate in terms of market size?
The Onshore Wind Energy segment is projected to dominate, with a market value of 320.0 million USD by 2035.
How is the Offshore Wind Energy segment valued in 2024 within the Germany Steel Wind Tower Market?
The Offshore Wind Energy segment is valued at 190.0 million USD in 2024.
What is the expected market value for Hybrid Energy Solutions in the Germany Steel Wind Tower Market in 2035?
By 2035, the market value for Hybrid Energy Solutions is expected to reach 120.0 million USD.
Who are the key players in the Germany Steel Wind Tower Market?
Major players in the Germany Steel Wind Tower Market include Vestas, GE Renewable Energy, and Siemens Gamesa among others.
What is the market value for Onshore Wind Energy in 2024?
The market value for Onshore Wind Energy in 2024 is estimated at 180.0 million USD.
How is competition expected to shape the Germany Steel Wind Tower Market in the coming years?
Intense competition among key players is expected to drive innovation and efficiency in the Germany Steel Wind Tower Market.
What opportunities exist in the Germany Steel Wind Tower Market through 2035?
Opportunities in the market include growth in renewable energy investments and technological advancements in wind tower manufacturing.
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